Chapter 1 Flashcards
are economic activities performed by one party to another.
Services
Often time-based, these performances bring about desired results to recipients, objects, or other assets.
Services
they do not normally take ownership of the physical elements involved.
Services
provide benefits without ownership
Services
WHY STUDY SERVICES?
I. Services Dominate the Global Economy
2.Most New Jobs Are Generated by Services
3.Understanding Services Offers Personal Competitive Advantage
4.Powerful Forces are Transforming Service Markets
Powerful Forces are Transforming Service Markets
●Government Policies
● Social Changes
● Business Trends
● Advances in IT
● Internationalization
a form of marketing businesses that provide a service to their customers to increase brand awareness and sales.
Service Marketing
focuses on advertising intangible transactions that provide value to customers.
Service Marketing
They use service marketing to build loyalty and maintain long-term relationships with customers.
Professionals
often persuade their target audiences and increase sales by using a framework called the seven Ps of service marketing,
Service Marketers
CATEGORIES OF SERVICES
1.People Processing
2.Possession Processing
3.Mental Stimulus
4.Information Processing
In this type of service processing, the customer must be physically present for the service to be delivered.
People Processing
Some of the most common types of service processing involve people.
●Health care
● Lodging
● Passenger transportation
● Fitness centers
● Haircutting salons
When the customer is not required to be present while giving the necessary service, then it is a type of service process involving objects.
Possession Processing
These are procedures where the input is from the customer, but the processing does not require the customer’s presence at all.
Possession Processing
The customer is not required to be present at all and not even an object of the customer is required.
Mental stimulus
He just needs to understand what is happening.
Mental Stimulus
The physical exchange of objects or people is not necessary.
Mental Stimulus